Minister of Finance Curtis Dickinson Throne Speech Initiatives Remarks

Good Afternoon,

This past Friday, the Bermuda Government set out our legislative agenda, which continues our in keeping with our 2020 General Election Platform. 

The main areas of focus of my remarks today, will be the Ministry of Finance Throne Speech initiatives. At the end of my remarks I will give an update on the Fairmont Southampton redundancies. 

I will begin with the reform of banking laws to assist with the harmonization of the Bermuda base rate charged by local banks: 

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Premier David Burt Throne Speech Initiatives Press Conference Remarks

Good afternoon members of the media and the public viewing live. 
On Friday, November the 6, this Government presented the 2020 Throne Speech, which detailed how in this first legislative year we will advance the Agenda that earned overwhelming support at the polls. We will continue to invest in our young people, we will continue to protect our seniors and vulnerable, and we will continue our focus on growing our economy and creating economic opportunity for Bermudians. 

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Govt To Loan Redundancy Money To Workers

The Government will step in to assist Fairmont Southampton workers who are waiting for their redundancy payments, making “loans to employees equal to amounts due to them in redundancy, which will require repayment once sums are paid by Gencom.” This was announced by Finance Minister Curtis Dickinson today, with the Minister saying “it is clear that […]

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Post Office: Expect Mail Delays To/From UK

Mail to and from the United Kingdom will be affected “due to the UK’s COVID-19 border closure,” the Bermuda Post Office has advised, with  mail delays expected to “last until the beginning of December 2020 or until the UK borders reopen.” A Government spokesperson said, “The Bermuda Post Office [BPO] is advising that mail to and […]

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Aliana King Featured In L’Oréal’s Sanoflore

Bermudian model Aliana King has been featured in a campaign by Sanoflore Laboratoire Bio, a French brand of organic cosmetics owned by L’Oreal. This is not the first time that the model has been featured on behalf of a major beauty brand, with Ms. King previously appearing in a number of campaigns, including for Aveda, […]

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Lane Closure for Emergency Embankment & Wall Repairs

The Ministry of Public Works wishes to inform the public that the Ministry of Public Works will carry out emergency embankment & wall repairs along Harbour Road in the vicinity of Burnt House Hill and Tamarind Vale Street.

The investigation & repair works will commence immediately and the westbound lane has been closed due to the lane collapsing.

The emergency lane closure will take place during Monday November 9th 2020 through to Friday December 18th 2020. Working hours will be from 8:00 am to 3:00 pm week days.

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Official Govt & Legal Notices For Nov 9 2020

The official Government and Legal notices for today [Nov 9] include acting appointments, cancellation of registration, and liquor licensing. Acting Appointment: Director, Department Of Libraries And Archives Notice Type: Government Notice Notice Sub Type: Acting Appointments Notice ID: GN1014/2020 Public Authorities / Department: Cabinet Headquarters Publication date: 09 November 2020 Patrice A. Carvell, Collection Management […]

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Survey: 76% Satisfied With Government

According to a recent survey by Narrative Research Bermuda, 76% of those polled expressed being satisfied with Government’s performance. A spokesperson said, “Although satisfaction with the Government declined slightly from the record high enjoyed in June, satisfaction remains among the highest it has been in more than 20 years of Narrative Research Bermuda’s polling. “Currently, […]

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BNAA Pay Tribute To Clevonte Lodge-Bean

The Bermuda National Athletics Association has paid tribute to Clevonte Lodge-Bean, a talented young athlete who passed away following a collision in Sandys yesterday. BNAA President Donna Raynor said, “On behalf of the Bermuda National Athletics Association we would like to offer our sincere condolences to the family, friends and our athletic family for the […]

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Police Identify Victim As Clevonte Lodge-Bean

Police have named the victim in the recent fatal road traffic collision as Clevonte Lodge-Bean. A police spokesperson said, “The Bermuda Police Service [BPS], can now identify the victim in the most recent fatal road traffic collision as, Clevonte Lodge-Bean. “Mr. Lodge-Bean succumbed to injuries sustained in a two vehicle collision, which occurred on Somerset […]

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Live Video: Premier Burt & Finance Minister

Premier David Burt and Minister of Finance Curtis Dickinson are holding a joint press conference this afternoon [Nov 9], and we will have additional coverage later on and in the meantime the live video is below. Related Stories Video: Minister Roban On Renewable Energy Video: Minister On Large Group Gatherings Video: OBA Release Election Platform […]

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‘Cautiously Optimistic’ About Pfizer Vaccine Trial

Pfizer and BioNTech today [Nov 9] announced that data gathered thus far from its potential coronavirus vaccine indicates that it is more than 90% effective, prompting experts to say while much remains to be seen, there is reason to be ‘cautiously optimistic.’ “Today is a great day for science and humanity. The first set of […]

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Bill To Create Bermuda National Digital Bank

The Legislature will be considering Bills to “create the Bermuda National Digital Bank, to reform banking laws and regulations, and to establish a Bermuda base interest rate.” This was one of the initiatives included in the 2020 Throne Speech, which said, “During this Session, the Legislature will be invited to consider Bills to create the Bermuda […]

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Burgess Replaces Commissiong On Board

A recent listing in the Government’s official notices states that Derrick Burgess is the Chairman of the Parole Board, which is a change from the notice issued earlier this year which had Rolfe Commissiong listed as the Chairman. November 2020 The official notices on November 4th said the ”Minister of National Security is pleased to make […]

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Covid-19: 2,235 Test Results, Five Positive

There were 2,235 test results received and five were positive for Covid-19, with all five new cases classified as imported, with residents and visitors flying in from Miami and Toronto. A Government spokesperson said, “There were 2235 test results received by the Ministry of Health from 6-8 November, and five were positive for COVID-19. “These […]

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Column: Innovative Approach, Collaborative Spirit

[Opinion column written by Glenn Fubler] During the opening of the Bermuda High School for Girls’ Innovation Centre on Sunday, November 1, Mariette Savoie, the chairwoman of the school, said, “From the beginning, our vision was that this space would be shared with young people across Bermuda.” She went on to say, “I look forward […]

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Lecture: “Pushing The Boundaries Of Freedom”

The National Museum of Bermuda [NMB] will be hosting a free Zoom lecture “Pushing the Boundaries of Freedom” presented by Dr. Kristy Warren on Wednesday, November 18th at 5:30pm. “Dr. Warren is a Bermudian scholar who resides in the UK and is working with the University of Leicester, School of History, Politics and International Relations, Post-Doctorate,” […]

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BRSC To Launch Designated Driver Campaign

“As the holiday season is drawing upon us, the Road Safety Council wants to reiterate our message of don’t drink and drive,” BRSC Chairman Dennis Lister said, adding that ”this month will see the launch of our annual designated driver campaign.” Mr Lister said, “In light of recent events, the Bermuda Road Safety Council would like to […]

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NMB: Free Professional Development Workshop

The National Museum of Bermuda [NMB] will be hosting a free professional development workshop for Bermuda educators on Saturday, November 21 at 10am. A spokesperson said, “The workshop will be via Zoom. Educators are asked to register in advance here. This workshop is part of the Museum’s yearlong Teacher Professional Development [TPD] programme “Moving the Needle” […]

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Hamilton Announces Management Changes

Hamilton Insurance Group, Ltd. announced three promotions in the leadership team at its Lloyd’s operations, Hamilton Managing Agency Limited, subject to regulatory approval: Adrian Daws, currently Active Underwriter of Lloyd’s Syndicate 4000, will be promoted to the position of Chief Executive Officer of Hamilton Managing Agency Limited. Miles Osorio, Deputy Active Underwriter and Head of Property, […]

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Over 30 People Attend Virtual ‘Docs For Dinner’

Over thirty participants, including doctors from Bermuda, Bahamas, and Jamaica attended the virtual “Docs For Dinner” event held via Zoom on October 29 [Thursday]. A spokesperson said, “Sponsored by Bermuda HealthCare Services and Brown-Darrell Clinic, the quarterly event went virtual for the first time in its history. “According to one local internist who attended, the […]

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Video: BNV Interview With RA About 5G

The Regulatory Authority of Bermuda‘s Chief Executive Denton Williams will be joining Bernews at approximately 11.00am this morning [Nov 9] for the latest episode in the Bernews News & Views series, set to discuss the public consultation into Radiofrequency and 5G Safety. The RA previously announced that “due to concerns from the public, it will extend […]

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Sale Of Ascendant Group Is Now Completed

[Updated] The sale of Ascendant Group – the parent company of BELCO — has now been completed, the company confirmed today. An Ascendant spokesperson said, “The sale of Ascendant Group Limited [Ascendant] to Algonquin Power & Utilities Corp. [Algonquin] has now been completed. “Ascendant’s existing Bermudian management will continue to run the Company and its subsidiaries and […]

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11am Live Video: Interview With RA About 5G

The Regulatory Authority of Bermuda Denton Williams will be joining Bernews at approximately 11.00am this morning [Nov 9] for the latest episode in the Bernews News & Views series, set to discuss the public consultation into Radiofrequency and 5G Safety. The RA previously announced that “due to concerns from the public, it will extend the […]

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St George’s Hosts Teacher Appreciation Day

The Corporation of St. George [CSG] recently held their UNESCO Teacher Appreciation Day event, honouring Todd Fox, Cindy Weeks, Gladstone Thompson, Lisa Swan, Gail Smith and Julie Foggo. At the event, St. George Mayor George Dowling III said, “I would like to welcome you to the World Heritage Site the Town of St. George. We are gathered […]

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Assured Guaranty Reports Third Quarter Results

Assured Guaranty Ltd. announced its financial results for the three-month period ended September 30, 2020. Net income attributable to Assured Guaranty Ltd. was $86 million, or $1.02 per share, for third quarter 2020. Shareholders’ equity attributable to Assured Guaranty Ltd. per share reached a new record of $79.63 as of September 30, 2020. “Assured Guaranty […]

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Reminder: Help Find Chavelle Dillon-Burgess

The Bermuda Police Service is continuing to appeal for information to help locate Chavelle Dillon-Burgess. The police have previously said that the disappearance of Ms. Dillon Burgess — a mother of one who has been missing since April 2020 — “is being treated as a suspected case of murder.” Commissioner Stephen Corbishley previously said, “Bermuda […]

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Third Point Re Announces Q3 Earnings Results

Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2020. “Third Point Re reported net income available to common shareholders of $68.7 million, or $0.73 per diluted common share, for the three months ended September 30, 2020, compared to a net loss attributable to common shareholders of $15.1 million, or $0.16 per […]

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PartnerRe Dividends On Preferred Shares

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period September 1, 2020 – November 30, 2020 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 per share on the […]

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